There’s a current listing in the Henry (Pearl District) that prices out at about $500 per square foot.
Coming soon, the Harrison Condos will put the rapidly escalating condo prices to the test. The condo conversion will be much more reasonaby priced than the new constructions that are popping up all over the city.
The Porland Business Journal’s front page story on March 3, 2006
Sales of the first 190-plus units in the former Portland Center apartments, now the Harrison condominiums, will begin this month. With an inventory of more than 560 units and townhomes carrying prices well below that of new construction in the neighborhood, Harrison offers an interesting test of the strength of Portland’s growing penchant for urban living.
At $175,000, Harrison units start at about $100,000 per unit less than prices asked at the South Waterfront. In aiming for a smaller price, Harrison is catering to an underserved market, and the commercial real estate community is anxious to see how well it is received.